Financial Services
According to forecasts by the PBO, Canada debt could hit $1 trillion this fiscal year due to the current economic shutdown caused by the COVID-19 pandemic and residents are looking for debt relief in Canada and debt forgiveness options. Canada’s debt-to-GDP ratio could keep rising as well if current programs to fight COVID-19 are extended or become permanent. While we’re racking up debt at the federal level, however, debt loads of Canadian consumers went down for the first time in a decade.
